Before the Uruguay Round (UR), most developing countries followed import substitution and
other restrictive trade policies, and consequently were not very active in General Agreement
on Tariffs and Trade (GATT) forums in general. The scenario changed in the aftermath of the
UR: outward-oriented policies have made trade and associated foreign investment much
more important in shaping national economic policies and performance. Thus developing
country participation across the range of World Trade Organisation (WTO) activities—in …